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SHIP Participant Annual Report Base Form Reporting Year: Item #1 2 3452022Participant Name:OF XI Kauai PV Hotel, LP (1 Hotel Canada Bay)Relevant Requirements Form #:For participants with multiple
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01
Employers must provide a summary plan description (SPD) to their employees, outlining important information about their benefits and coverage.
02
Ensure that the SPD is easy to understand and contains all required information, such as plan rules, benefits, and how to file a claim.
03
Distribute the SPD to all eligible employees, within 90 days of becoming a participant in the plan, and within 120 days of a plan amendment.

Who needs employers must distribute summary?

01
Employers who offer employee benefit plans are required by law to distribute a summary plan description (SPD) to their employees.
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Employers must distribute summary is a document that provides employees with a summary of their total compensation and benefits for the year.
Employers are required to file employers must distribute summary for all employees who received compensation during the year.
Employers must fill out the summary form with information on each employee's compensation, benefits, and other relevant details for the year.
The purpose of employers must distribute summary is to provide employees with a clear and concise summary of their total compensation and benefits for the year.
Employers must report on each employee's salary, bonuses, benefits, and any other forms of compensation received during the year.
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